In China PricewaterhouseCoopers is building a profile within the chemical industry as knowledgeable professionals. This report focuses on recent developments and future outlooks for the bulk and speciality chemicals sector.
Why focus on China?
Chemical companies cannot afford to ignore China, currently the fourth largest chemical producer and the fastest growing chemical consumer in the world. China is also the largest importer of chemicals globally, and continued robust economic growth looks likely to fuel continued expansion. China’s emerging presence as importer, processor, consumer, and exporter of industrial chemicals will reshape the economics of the industry.
Key messages from the report
Capital is concentrated in large, state-owned bulk chemicals enterprises currently, but the government has announced plans to increase dramatically the percentage of speciality chemicals manufacturers.
Local markets in many speciality products area are growing as markets increase for their end-customers (for example, automotive and construction industries)
Multinationals have already made big investments in China, particularly in major bulk/petrochemical projects, and substantial barriers-to-entry exist.
Speciality chemicals companies have a more difficult road in China, due to intellectual capital concerns, but can't afford to ignore this growing market and possible future competition from Chinese players.
Chinese companies are looking for outward investments and more potential for innovative forms of cooperation both inside and outside of China may result.
Contact Name
Jim Clayman
Tel: +1 (636) 405 1672
St. Louis, Missouri, US
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